This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Consider a retirement savings account where the monthly contribution is $150 for the first 15 years, ... (Read 59 times)

nelaaney

  • Hero Member
  • *****
  • Posts: 560
on: May 5, 2020
Consider a retirement savings account where the monthly contribution is $150 for the first 15 years, is increased to $200 for the next 20 years, and then is increased once again to $250 for the last 10 years. The APR is always 5.1% compounded monthly. What is the value of the account at the end of 45 years?
Round your answer to the nearest cent.
◦ $364,381.55
◦ $367,654.61
◦ $368,558.63
◦ $363,477.53
◦ $359,300.45
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by nelaaney on May 5, 2020

jharrington11

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: May 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 35% of students answer this correctly


nelaaney

  • Member
  • Posts: 560
Reply 2 on: May 5, 2020
YES! Correct, THANKS for helping me on my review

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Enzymatic features of DNA polymerase that account for its inability to copy one of the DNA strands a Enzymatic features of DNA polymerase that account for its inability to copy one of the DNA strands a
World Population Growth, Past 10,000 years World Population Growth, Past 10,000 years
When the number of miles traveled is considered, drivers under 25 years of age and those over 70 are ... When the number of miles traveled is considered, drivers under 25 years of age and those over 70 are ...
Top Prescriptions for Children Under 17 Years of Age (2002–2010) Top Prescriptions for Children Under 17 Years of Age (2002–2010)
Extinction and extirpation per years Extinction and extirpation per years
Earth 430 Million Years Ago Earth 430 Million Years Ago
Video: Functional zones in a mitochondrion

For a complete list of videos, visit our video library